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Boab Metals Ltd ( (AU:BML) ) has shared an update.
Boab Metals Ltd has responded to an ASX query regarding recent trading activity in its securities, stating that it is not aware of any unpublished price-sensitive information that could explain the activity. However, the company attributes increased investor interest to positive research coverage highlighting the value of its Sorby Hills Project and favorable market conditions with rising silver prices. The Sorby Hills Project’s advanced stage and near-term production potential position Boab Metals favorably in the market.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Ltd is a company operating in the mining industry, primarily focused on silver and lead development. The company’s key asset is the Sorby Hills Project, which is one of the most advanced silver-lead development opportunities in Australia, with established infrastructure and a granted Mining Lease.
Average Trading Volume: 1,149,066
Technical Sentiment Signal: Buy
Current Market Cap: A$100.5M
For a thorough assessment of BML stock, go to TipRanks’ Stock Analysis page.